News

HDFC Limited has completed the acquisition of 50.80% share of Apollo Hospitals Group, in Apollo Munich Health Insurance Company Ltd. (Apollo Munich) for INR1,485.14crore and 0.36% shareholding held by employees for INR10.67crore. The acquisition was approved by the Competition Commission...

The new health insurance partnership between Cigna and Oscar will revolve around the integration of integrated medical, behavioral and pharmacy services. American health insurance giant Cigna has announced a partnership with more recent market entrant Oscar to provide commercial...

Western Union, a leader in global cross-border, cross-currency money movement and payments, and Du Xiaoman Financial and its network of bank partners launched Western Union® international money transfers to be paid out in real-time into even more bank accounts...

Visa is to acquire US payments giant Plaid for $5.3bn, a software startup that is used by the likes of Venmo, Robinhood and Coinbase. Plaid, which helps companies connect to users’ bank accounts, was last valued at $2.65bn in...

The buzzwords in corporate boardrooms, these days, are “big data” and “data analytics.” And the insurance sector is no exception! The way insurance is being underwritten in today’s world is fast changing. And feeding this massive data revolution is...

Fintech Nucoro has announced the extension of its wealth management focused white-labelled technology to the insurance sector. According to Nucoro, combining insurance with digital wealth management (WM) solutions is an easier way to pull customers into insurance-related services. More insurers...

Qonto, a neo-bank for business accounts that was launched in France two years ago, has expanded to Germany, following previous openings in Italy and Spain. Qonto was the recipient of the first investment by Peter Thiel's Valar Ventures in France...